PMI in Chinese Primary Aluminium Alloy Sector Climbed in February, But Sustainability May Be in Doubt in April

SHANGHAI, Mar 1 (SMM) – The PMI in the primary aluminium alloy sector was 60.7 in February, up 13 points MoM. The recovery was far weaker than expected. Most producers are pessimistic over market outlook in H1, citing poor auto market.

In March, the PMI may stay in expansion territory on seasonal factor. But it remains to be seen whether the industry will improve further in April.